The Hanoitimes – Following the handover of the diplomatic note, the Vietnam – EU trade deal is set to take effect on August 1, 2020. Vietnam’s government representatives on June 18 handed over a diplomatic note notifying the passage by the National Assembly (NA) of both the EU – Vietnam Free Trade Agreement (EVFTA) and the […]
Read MoreThe Central Bank of Myanmar (CBM) has permitted local banks to restructure and reschedule existing loan repayments to help their clients, CBM Deputy Governor U Soe Min, told The Myanmar Times. While the economic impact of the COVID-19 pandemic has yet to be quantified, it is expected that businesses will bear the brunt of a decline […]
Read MoreThe Thai economy is estimated to shrink by 6.5% this year, eroding from a 4.8% contraction seen previously, as the coronavirus pandemic takes a toll on domestic consumption and investment and pummels outbound merchandise and services, says the Asian Development Bank (ADB). If the ADB’s forecast comes to pass, Thailand will have the deepest contraction […]
Read MoreBrunei’s retail sales performance in the first quarter (Q1) of 2020 increased to 4.3 per cent compared to the first quarter of 2019. This was stated in the Retail Sales Index (RSI) released by the Department of Economic Planning and Statistics (JPES) recently. JPES also released the Food and Beverages Services Index (F&BSI). The reports […]
Read MoreCambodia’s special economic zones (SEZs) are among several Asean peers that boast potential opportunities for US investors, seeking to diversify their supply chains, according to a recent report conducted by an international service firm. It said the bloc’s SEZs are playing an important role in facilitating greater trade between the region and the US through […]
Read MoreBank Indonesia (BI) has cut its benchmark interest rate – after a two-month pause – to support economic growth, which is likely to fall to its lowest since the 1999 Asian financial crisis. The central bank slashed its benchmark interest rate, the BI seven-day reverse repo rate, by 25 basis points to 4.25 percent on […]
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